Shareholder's Meeting 21st April 2016
April 21 2016 - 1:36PM
Italian Regulatory (Text)
PRESS RELEASE BRUNELLO CUCINELLI: Ordinary Shareholders' Meeting
Approved the Company's 2015 separate financial statements, showing
a net profit of 1 38.7 million, and the distribution of a Dividend
of 0.13 per share. Approved the Report on Remuneration. Approved
the proposal to increase the number of Directors from 9 to 10. Mr
Luca Lisandroni appointed as new Director. Solomeo, 21st April 2016
The Ordinary Shareholders' Meeting of Brunello Cucinelli S.p.A. -
an Italian maison operating in the luxury goods sector listed on
the Borsa Italiana Electronic Stock Exchange since 27th April 2012
- was held in first call today, chaired by the Chairman and CEO
Cav. Lav. Brunello Cucinelli. The Ordinary Shareholder's Meeting
resolved to approve the Company's separate financial statements for
the year ended 31st December 2015 and to allocate the net profit of
38,652,653 as follows: an amount of 8,840,000, attributing to
shareholders 0.13 per share as a dividend, corresponding to a
pay-out ratio of 26.5% of the Group's result. The Company's share
will go ex-dividend on 23rd May 2016 (detachment of coupon no. 4)
with payment on 25th May 2016; an amount of 29,812,653 to "Retained
Earnings". The Consolidated Financial Statements of the Brunello
Cucinelli Group for the year ended 31st December 2015 were also
presented during the Meeting. The Ordinary Shareholders' Meeting
approved the first section of the Report on Remuneration prepared
by the Board of Directors pursuant to article 123-ter of
Legislative Decree no. 58 of 24th February 1998 regarding the
Company's remuneration policy. The Ordinary Shareholders' Meeting
approved a resolution to increase the number of Directors from 9 to
10 and thus elected Mr. Luca Lisandroni as new Director. Luca
Lisandroni's term of office will end concurrently with the
expiration of the mandate of the Board of Directors, i.e., with the
Shareholders' Meeting convened to approve the financial statements
at December 31, 2016. Based on available information, as of the
date of this press release Mr. Lisandroni does not own any
Company's shares. The updated Board of Directors composition, with
a brief description of the curriculum vitae of each member, is
available at the Company's web site
(http://investor.brunellocucinelli.com).
1
Gross of any retentions under law
*** The manager in charge of preparing the corporate accounting
documents, Moreno Ciarapica, declares pursuant to and to the
effects of article 154-bis, paragraph 2 of Legislative Decree no.
58 of 1998 that the disclosures included in this release correspond
to the balances on the books of account and the accounting records
and entries. The minutes of the Shareholders' Meeting of Brunello
Cucinelli S.p.A. will be made available to the public by the means
and within the due time prescribed by current legislation. ***
Brunello Cucinelli S.p.A. is an Italian maison operating in the
absolute luxury goods sector which specializes in cashmere and is
now one of the most exclusive brands in the international informal
luxury prêt-à-porter sector, the expression of everyday luxury.
Brunello Cucinelli, founded in 1978 by the eponymous stylist and
entrepreneur, posted net revenues of 414.2 million in 2015 (+16.4%
compared to the previous year), of which 82.9% was achieved
overseas, and an EBITDA of 69.1 million (up by 11.0% over 2014),
and currently has around 1,400 employees. Brunello Cucinelli's
success is rooted in the history and legacy of great craftsmanship
as well as in modern design: a quality strategy founded on a
combination of innovation and artisan skill. The attention and care
taken in manufacturing the product are expressed through the use of
the highest quality raw materials, tailoring and craftsmanship of
exclusively Made in Italy production, combined with savoir faire
and creativity; all of this makes the Solomeo-based company one of
the most exclusive testimonials of Italian lifestyle worldwide.
Company business has always been conducted in the medieval hamlet
of Solomeo, on the outskirts of Perugia. Today the brand is
distributed internationally in over 60 countries through 117
monobrand boutiques (81 direct monobrand stores and 36 wholesale
monobrand stores), in leading capitals and cities worldwide and in
the most exclusive resorts, with a significant presence in
approximately 650 selected multibrand stores, including leading
luxury department stores.
Contact: Media Vittoria Mezzanotte Brunello Cucinelli S.p.A. Tel.
02/34.93.34.78 Media Ferdinando de Bellis Barabino & Partners
S.p.A. Tel. 02/72.02.35.35 Investor Relations Pietro Arnaboldi
Brunello Cucinelli S.p.A. Tel. 075/69.70.079
Corporate web-site: www.brunellocucinelli.com
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